EL4C.DE vs. LEAD.DE

Last updated Jun 5, 2026

EL4C.DE (Deka STOXX Europe Strong Growth 20 UCITS ETF) and LEAD.DE (Amundi MSCI Europe ESG Leaders UCITS ETF Acc) are both Europe Equities funds - EL4C.DE tracks the STOXX® Europe Strong Growth 20 while LEAD.DE tracks the MSCI Europe ESG Leaders. Both are passively managed. Over the past 5 years, EL4C.DE returned -2.09%/yr vs 8.61%/yr for LEAD.DE. A 0.76 correlation means they provide meaningful diversification when combined. EL4C.DE charges 0.65%/yr vs 0.20%/yr for LEAD.DE.

Performance

EL4C.DE vs. LEAD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.DE) and Amundi MSCI Europe ESG Leaders UCITS ETF Acc (LEAD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EL4C.DE achieves a 12.27% return, which is significantly higher than LEAD.DE's 9.44% return.

EL4C.DE

• 1D: 0.62%
• 1M: -1.94%
• YTD: 12.27%
• 6M: 13.80%
• 1Y: 4.48%
• 3Y*: 1.76%
• 5Y*: -2.09%
• 10Y*: 7.35%

LEAD.DE

• 1D: 0.54%
• 1M: 2.53%
• YTD: 9.44%
• 6M: 11.63%
• 1Y: 16.67%
• 3Y*: 11.72%
• 5Y*: 8.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EL4C.DE vs. LEAD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EL4C.DE Deka STOXX Europe Strong Growth 20 UCITS ETF	12.27%	-3.34%	-6.07%	15.53%	-35.98%	26.15%	3.19%
LEAD.DE Amundi MSCI Europe ESG Leaders UCITS ETF Acc	9.44%	13.89%	6.93%	16.25%	-11.84%	24.71%	1.30%

Correlation

The correlation between EL4C.DE and LEAD.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Dec 18, 2020	0.76

The correlation between EL4C.DE and LEAD.DE has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

Return for Risk

EL4C.DE vs. LEAD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EL4C.DE

EL4C.DE Risk / Return Rank: 13
EL4C.DE Sharpe Ratio Rank: 12
EL4C.DE Sortino Ratio Rank: 13
EL4C.DE Omega Ratio Rank: 12
EL4C.DE Calmar Ratio Rank: 13
EL4C.DE Martin Ratio Rank: 12

LEAD.DE

LEAD.DE Risk / Return Rank: 35
LEAD.DE Sharpe Ratio Rank: 34
LEAD.DE Sortino Ratio Rank: 35
LEAD.DE Omega Ratio Rank: 35
LEAD.DE Calmar Ratio Rank: 33
LEAD.DE Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EL4C.DE vs. LEAD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.DE) and Amundi MSCI Europe ESG Leaders UCITS ETF Acc (LEAD.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EL4C.DE	LEAD.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.23	1.22	-0.99
Sortino ratio: Return per unit of downside risk	0.50	1.82	-1.32
Omega ratio: Gain probability vs. loss probability	1.06	1.23	-0.17
Calmar ratio: Return relative to maximum drawdown	0.33	1.61	-1.28
Martin ratio: Return relative to average drawdown	0.70	6.00	-5.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EL4C.DE vs. LEAD.DE - Sharpe Ratio Comparison

The current EL4C.DE Sharpe Ratio is 0.23, which is lower than the LEAD.DE Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of EL4C.DE and LEAD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EL4C.DE	LEAD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	1.22	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.58	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.72	-0.36

Drawdowns

EL4C.DE vs. LEAD.DE - Drawdown Comparison

The maximum EL4C.DE drawdown since its inception was -50.13%, which is greater than LEAD.DE's maximum drawdown of -21.53%. Use the drawdown chart below to compare losses from any high point for EL4C.DE and LEAD.DE.

Drawdown Indicators

	EL4C.DE	LEAD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-50.13%	-21.53%	-28.60%
Max Drawdown (1Y) Largest decline over 1 year	-15.20%	-10.43%	-4.77%
Max Drawdown (3Y) Largest decline over 3 years	-28.07%	-16.59%	-11.48%
Max Drawdown (5Y) Largest decline over 5 years	-44.48%	-21.53%	-22.95%
Max Drawdown (10Y) Largest decline over 10 years	-44.48%	—	—
Current Drawdown Current decline from peak	-26.07%	-1.11%	-24.96%
Average Drawdown Average peak-to-trough decline	-16.08%	-4.13%	-11.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.19%	2.81%	+4.38%

Volatility

EL4C.DE vs. LEAD.DE - Volatility Comparison

Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.DE) has a higher volatility of 7.32% compared to Amundi MSCI Europe ESG Leaders UCITS ETF Acc (LEAD.DE) at 4.67%. This indicates that EL4C.DE's price experiences larger fluctuations and is considered to be riskier than LEAD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EL4C.DE	LEAD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	4.67%	+2.65%
Volatility (6M) Calculated over the trailing 6-month period	17.65%	11.36%	+6.29%
Volatility (1Y) Calculated over the trailing 1-year period	21.87%	13.78%	+8.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.58%	14.65%	+7.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.55%	14.47%	+7.08%

EL4C.DE vs. LEAD.DE - Expense Ratio Comparison

EL4C.DE has a 0.65% expense ratio, which is higher than LEAD.DE's 0.20% expense ratio.

Dividends

EL4C.DE vs. LEAD.DE - Dividend Comparison

EL4C.DE's dividend yield for the trailing twelve months is around 0.79%, while LEAD.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EL4C.DE Deka STOXX Europe Strong Growth 20 UCITS ETF	0.79%	0.79%	0.67%	0.42%	4.57%	0.00%	0.00%	0.00%	0.21%	0.16%	0.24%	0.17%
LEAD.DE Amundi MSCI Europe ESG Leaders UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EL4C.DE and LEAD.DE in my portfolio?

EL4C.DE and LEAD.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EL4C.DE or LEAD.DE?

On fees, LEAD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EL4C.DE or LEAD.DE?

LEAD.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for EL4C.DE.

What is the main difference between EL4C.DE and LEAD.DE?

EL4C.DE tracks STOXX® Europe Strong Growth 20, while LEAD.DE tracks MSCI Europe ESG Leaders. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.65% for EL4C.DE and 0.20% for LEAD.DE.